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Question: Where do you see the BTC-USD exchange rate in a month?
<0.3, still falling - 3 (5.5%)
<0.3, rising again - 1 (1.8%)
between 0.3 and 0.4 - 3 (5.5%)
between 0.4 and 0.5 - 1 (1.8%)
between 0.5 and 0.6 - 5 (9.1%)
between 0.6 and 0.7 - 6 (10.9%)
between 0.7 and 0.8 - 14 (25.5%)
between 0.8 and 1$ - 14 (25.5%)
over 1$ - 8 (14.5%)
Total Voters: 55

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Author Topic: Where do you see the BTC-USD exchange rate in month?  (Read 5759 times)
rezin777
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April 07, 2011, 02:00:19 AM
 #21

The intrinsic value of a bitcoin is zero, that is where it will go with no iron hand.

Arguably, the only things that have intrinsic value to humans are the those which are required to survive. Everything beyond that is subjective. You seem to favor gold. What is it's intrinsic value to a human being? I can live my entire life without ever needing gold. There is no iron hand giving value to gold. Yet it has properties that make it useful for many things and thus people assign value to it. The same can be said for bitcoins. Because you do not see their value, or because no state is enforcing their value, does not make them worthless to all.
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April 07, 2011, 06:47:57 AM
 #22

What's this obsession people have with the concept that a commodity can't hold value unless some merchants endorse it? If the price of gold was determined by its actual use in the industry it would barely be worth over $50/oz. There are countless merchants that will buy and sell gold under various forms yet all of their effort combined for a century could not drive the price of gold to $1400/oz.

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deadlizard
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April 07, 2011, 06:51:32 AM
 #23

yet all of their effort combined for a century could not drive the price of gold to $1400/oz.
LOL

btc address:1MEyKbVbmMVzVxLdLmt4Zf1SZHFgj56aqg
gpg fingerprint:DD1AB28F8043D0837C86A4CA7D6367953C6FE9DC

rezin777
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April 07, 2011, 07:29:21 AM
 #24

yet all of their effort combined for a century could not drive the price of gold to $1400/oz.
LOL


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April 07, 2011, 07:37:11 AM
 #25

yet all of their effort combined for a century could not drive the price of gold to $1400/oz.
LOL


you need to reread my post smart guy....

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deadlizard
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April 07, 2011, 08:04:36 AM
 #26

you need to reread my post smart guy....
Oh I got it. you need to reinterpret my amusement  Cool

btc address:1MEyKbVbmMVzVxLdLmt4Zf1SZHFgj56aqg
gpg fingerprint:DD1AB28F8043D0837C86A4CA7D6367953C6FE9DC

goatpig
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April 07, 2011, 08:11:23 AM
 #27

you need to reread my post smart guy....
Oh I got it. you need to reinterpret my amusement  Cool

Comon man, can't you get angry n stuff, i was hoping for a flame war  Roll Eyes

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BitterTea
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April 07, 2011, 12:57:18 PM
 #28

The cost of gold in ounces is a comparison of two currencies. If gold costs $1400/oz it could mean that...

A) people really value gold, or there is very little of it
B) people don't value USD, or there is a lot of it
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